Form of Proxy

COBALT BLUE HOLDINGS LTD

Notes

BD Client Code:

Client Name:

Number of Shares Held in a BD Nominee Company:

No.	Proposition		For	Against	Abstain
1	RATIFICATION OF PRIOR ISSUE OF PLACEMENT SHARES
2	APPROVAL TO ISSUE PLACEMENT OPTIONS
3	APPROVAL TO ISSUE JOINT LEAD MANAGER OPTIONS
4	RATIFICATION OF PRIOR ISSUE OF LIND TRANCHE 1 SUBSCRIPTION SHARES
5	RATIFICATION OF PRIOR ISSUE OF LIND TRANCHE 2 SUBSCRIPTION SHARES